Hgld's recent activity
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Comment on We need to raise a lot more in tax from the wealthy but that does not convince me that we need a wealth tax in ~finance
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Comment on What do you use to journal with? in ~tech
Hgld Link ParentFor me the therapy is writing not in returning back to read it. My handwriting is awful too!For me the therapy is writing not in returning back to read it. My handwriting is awful too!
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Comment on Favorite ambient / instrumental music? in ~music
Hgld LinkDawn of Midi is great for this. Very rhythmic and seamless between tracks. I find it’s great for getting into the zone.Dawn of Midi is great for this. Very rhythmic and seamless between tracks. I find it’s great for getting into the zone.
On the face of it wealth tax sounds like a great idea, but in reality there is so much nuance.
This is something I've had to confront in my own situation. I have a family farm which I've inherited over generations. I don't look at this as something that I own but as something I'm looking after for the next generation. It is undeniably worth a lot of money and would easily surpass the wealth tax thresholds suggested — however as an economic asset it is incredibly poor at generating a return. Part of this is because we've decided to retire and rewild large parts of the farm. If we were taxed on our wealth we'd have to make some tough decisions about how to pay a wealth tax. I'm realising that I might need to gift the land to the government — but given how poorly recent governments have maintained the rivers and other parts of the environment, I'd feel like I'd be gifting this to wolves. I could sell to someone else (in which case I feel I'd be totally fair game for wealth tax) but then all our environmental work might get undone which would be ultimately bad for society. I feel that focusing on wealth might feel like a good and just thing to correct but it could have all sorts of undesirable side-effects.